Analog Devices, Inc. (ADI) is scheduled to announce its fiscal third-quarter 2012 results on August 21. We have seen downward movements in analyst estimates in the build-up to the release. Prior-Quarter Synopsis Analog Devices’ second quarter 2012 pro forma earnings beat the Zacks Consensus Estimate by a couple of cents on the back of stronger-than-expected revenue and margins. Revenue in the quarter was $675.1 million, up 4.2% sequentially, particularly attributable to strong sales across a wide range of industrial and communications infrastructure applications. The consumer segment performed poorly in the quarter but orders started strengthening toward the end of the period, indicating improving trends that should lead to stronger revenues going forward. Gross margin of 65.2% was up sequentially, driven by higher utilization rates and a stronger mix of high-margin industrial
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